Property Details: • Type: House of Multiple Occupation • Tenure: FREEHOLD • Floor Area: 1163 sqft
Key Features: • Full planning consent for a 16-bed HMO • Private en-suite facilities to all bedrooms • Over 5,000 sq ft proposed accommodation • Projected gross rental income of approximately £172,800 per annum • No CIL liability • Planning decision notice available • Full proposed plans available • Suitable for experienced HMO developers and investors • Interested parties can download the planning information and supporting documents, review the opportunity and submit an offer online.
Location: • Nearest Station: Branksome Station • Distance to Station: 0.5204440654241207 miles
Agent Information: • Address: 2 Castle Parade, Bournemouth, BH7 6SH
Full Description: <p>GUIDE PRICE £600,000-£695,000</p><p>CONSENTED 16-BED HMO DEVELOPMENT OPPORTUNITY | 5,000+ SQ FT | BOURNEMOUTH</p><p>Welcome Homes are delighted to offer this exciting development opportunity with planning consent for a substantial 16-bedroom HMO scheme.</p><p>An excellent opportunity for developers and investors to acquire a consented 16-bed HMO development, with the proposed scheme providing over 5,000 sq ft of accommodation and 16 bedrooms, each designed with private en-suite facilities.</p><p>The development offers the potential to create a substantial income-producing investment in a strong Bournemouth rental location.</p><p>INVESTMENT POTENTIAL</p><p>The proposed completed development is anticipated to provide an attractive income-producing asset, with projected rental income of approximately:</p><p>£172,800 PER ANNUM</p><p>This calculation is based upon 16 rooms at £900 pcm, assuming full occupancy.</p><p>Based on the proposed scheme and current market appraisal, the anticipated completed investment value is estimated at approximately £1.8 million to £2.1 million, depending upon the final specification, rental levels, investment yield and prevailing market conditions at the time of completion.</p><p>This provides an opportunity for an experienced developer to acquire a site with the benefit of planning already secured and undertake the development with a clear end-use and rental strategy.</p><p>PLANNING</p><p>The site benefits from planning consent for the proposed 16-bedroom HMO development.</p><p>The planning package includes detailed proposals for the creation of a modern HMO scheme providing 16 en-suite bedrooms and associated communal accommodation.</p><p>There is no CIL liability, providing an additional benefit when assessing the overall development appraisal.</p><p>The following information is available to interested parties:</p><ul><li><p>Approved planning drawings</p></li><li><p>Planning decision notice</p></li><li><p>Development information</p></li></ul><p>DEVELOPMENT OPPORTUNITY</p><p>This is an attractive opportunity for a developer or investor looking to acquire a consented HMO development rather than undertaking the planning process from scratch.</p><p>The combination of:</p><p>16 en-suite bedrooms | 5,000+ sq ft | £172,800 projected annual rent | £1.8m–£2.1m anticipated completed value | No CIL</p><p>makes this a particularly interesting proposition for specialist HMO investors and developers.</p><p>The opportunity may suit:</p><ul><li><p>HMO developers</p></li><li><p>Property investment companies</p></li><li><p>Experienced private investors</p></li><li><p>Build-to-rent investors</p></li><li><p>Specialist residential developers</p></li></ul><p>DOWNLOAD INFORMATION & MAKE AN OFFER</p><p>Full information relating to the development is available to download directly from the Welcome Homes website.</p><p>Application reference no: P/25/03850/CONDR</p><p>Interested parties can download the planning information and supporting documents, review the opportunity and submit an offer online.</p><br />EPC Rating: E
